Chartwell Retirement Residences (TSE:CSH.UN – Get Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$20.78 and traded as high as C$20.97. Chartwell Retirement Residences shares last traded at C$20.73, with a volume of 499,781 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Scotiabank upped their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Desjardins increased their price objective on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. National Bank Financial increased their price objective on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the stock an “outperform” rating in a research report on Monday, May 11th. BMO Capital Markets increased their price objective on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Finally, Raymond James Financial increased their price objective on Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the stock a “strong-buy” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat.com, Chartwell Retirement Residences has an average rating of “Buy” and an average price target of C$25.82.
Check Out Our Latest Stock Analysis on Chartwell Retirement Residences
Chartwell Retirement Residences Stock Up 3.9%
Chartwell Retirement Residences (TSE:CSH.UN – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.05 earnings per share for the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%.The firm had revenue of C$314.65 million during the quarter. Equities research analysts anticipate that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current year.
Chartwell Retirement Residences Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be paid a $0.052 dividend. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, May 29th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is presently -96,993.67%.
About Chartwell Retirement Residences
Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.
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